Three decades ago, the long-fought Iran-Iraq war had reached a deadly stalemate, the stock markets took a huge hit on Black Monday in October, American politicians were gearing up for the 1988 presidential race, Baby Jessica was rescued from a well, broadcast live on CNN, and much more. Photographers were also busy documenting the lives of Pee Wee Herman, Menudo, Mikhail Gorbachev, Howard Stern, Princess Diana, Donald Trump, Bernie Goetz, and many others. Take a step into a visual time capsule now, for a brief look at the year 1987.